I look at EW as the foundation for all TA to build from. It's like the Brazilian jiu-jitsu of MA. It is essential you have an understanding of it to be successful.
Ralph Nelson Elliot's net worth at the time of his death is not precisely documented, but it's safe to say he didn't amass significant wealth from his work on Elliott Waves. Despite the influence of his work, he himself did not accumulate immense riches. Though many consider his contributions to market analysis to be significant, they did not translate into immense personal wealth.
Just start your own journal "WXYs EW preditions" to guage the interest. Take a symbol or several. Show chart marked up showing where we are in the EW cycle, where you predict we are going and we can follow along in real time to see what happens.
You guys are looking at the market all wrong. It is not just random prices bouncing off resistance and support levels at the whim of news. It moves in measurable cycles.
Hello expiated, Ralph Nelson is a Scammer and Liar just like all the other trading theory guys/gals out there. These people come up with all these trading theories, but never show how they make money from it. I can come up with a trading theory as well to scam people. Elliot wave trading is crap. No-one can prove it made them rich or Pay bills.
Hello wxytrader, Elliot Wave trading theory is a scam. You can not prove it makes money for no longer than a week. Here is my trading theory is called "Take Damn Money, Bills DUE on the FIRST" trading theory. The results is below from my "Take Damn Money, Bills DUE on the FIRST" trading theory I made up. Where is your money for the month of April from Elliot Wave trading theory?